Which of the Following Statements About the Average Total Cost

question 33

Multiple Choice

Which of the following statements about the average total cost curve is false?

• A) it is initially downward sloping because increases in quantity make the average fixed cost smaller
• B) it eventually becomes upward sloping because the law of diminishing returns sets in
• C) it is always downward sloping because the average fixed costs will always decrease as quantity increases
• D) the marginal cost curve crosses the average total cost curve at the point at which average total cost is minimized

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The period during which a female carries a developing fetus inside her womb, typically lasting around nine months in humans.

Childbirth Leave

A policy or legislation that allows parents to take time off work following the birth of their child, often with pay and without losing their job.

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A political party oriented towards promoting the interests of workers and advocating for policies that support labor rights, social justice, and egalitarianism.

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A collective organization of workers and labor unions aimed at improving wages, working conditions, and workers' rights through collective bargaining and political action.